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    2650 Michigan Ave Lansing, MI 48912

    Sponsored
    For Sale
    $459,000

    Lansing, MI: 0.44 acres, high visibility

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This prime 0.44-acre commercial land parcel in Lansing, Michigan, boasts 200 feet of frontage on East Michigan Avenue, a major thoroughfare connecting the state Capitol to Michigan State University. Its strategic location places it within blocks of the Frandor Shopping Center and numerous recently constructed multi-family and student housing complexes, ensuring high traffic and visibility. The property benefits from convenient highway access to I-496 and US-127, enhancing its accessibility and appeal. Positioned across from a Chevrolet dealership and surrounded by a vibrant mix of local restaurants, bars, and entertainment venues, this site presents a unique opportunity for developers and investors seeking high-impact commercial development. The property is zoned F-Commercial (APN: 33-21-01-14-330-021) and is offered at $459,000. This exceptional location offers unparalleled exposure and proximity to a thriving community, making it an ideal site for a variety of commercial ventures. The surrounding area is characterized by a mix of residential, commercial, and institutional uses, creating a dynamic and diverse environment.

    Property Features for 2650 Michigan Ave

    General Information

    Property type
    Land
    Lot Size
    19,166 SF

    HighLights

    • High visibility location on major road connecting Capitol and Michigan State University.
    • Strong surrounding demographics with ample multi‑family and student housing.
    • Convenient proximity to Frandor Shopping Center.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lansing
    County
    Ingham
    State
    Michigan
    Longitude
    -84.514074242603
    Latitude
    42.733491770448

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    FAQs

    What type of property is this?
    Land - Lansing, MI: 0.44 acres, high visibility
    Where is this land located?
    The property is located at 2650 Michigan Ave Lansing, MI.
    What is the asking price?
    The asking price for this property is $459,000.
    What are key features of this property?
    This property features: High visibility location on major road connecting Capitol and Michigan State University.; Strong surrounding demographics with ample multi-family and student housing.; Convenient proximity to Frandor Shopping Center.
    (517) 679-8633
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    2650 Michigan Ave Lansing, MI 48912
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2650 Michigan Ave Lansing, MI 48912
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